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CBO Cost Estimate for H.R. 316, Collinsville Renewable Energy Promotion Act

CBO Cost Estimate for H.R. 316, Collinsville Renewable Energy Promotion Act

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Published by BJHarrelson
As ordered reported by the House Committee on Energy and Commerce on January 22, 2013

H.R. 316 would authorize the Federal Energy Regulatory Commission (FERC) to reinstate the licenses and extend the deadline for beginning construction of two hydroelectric projects (numbers 10822 and 10823) in Hartford County, Connecticut. The bill would direct FERC to update the environmental analyses associated with those projects and, if reinstated, transfer the licenses to the town of Canton, Connecticut.

Based on information from FERC, CBO estimates that implementing H.R. 316 would have a small impact on the agency’s workload. Because FERC recovers 100 percent of its costs through user fees, any change in its administrative costs would be offset by an equal change in fees that the commission charges. Therefore, the legislation’s provisions would have no net budgetary impact. Because FERC’s administrative costs are controlled through annual appropriation acts, enacting H.R. 316 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.

H.R. 316 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would impose no costs on state, local, or tribal governments.

Source: http://www.cbo.gov/publication/43873
As ordered reported by the House Committee on Energy and Commerce on January 22, 2013

H.R. 316 would authorize the Federal Energy Regulatory Commission (FERC) to reinstate the licenses and extend the deadline for beginning construction of two hydroelectric projects (numbers 10822 and 10823) in Hartford County, Connecticut. The bill would direct FERC to update the environmental analyses associated with those projects and, if reinstated, transfer the licenses to the town of Canton, Connecticut.

Based on information from FERC, CBO estimates that implementing H.R. 316 would have a small impact on the agency’s workload. Because FERC recovers 100 percent of its costs through user fees, any change in its administrative costs would be offset by an equal change in fees that the commission charges. Therefore, the legislation’s provisions would have no net budgetary impact. Because FERC’s administrative costs are controlled through annual appropriation acts, enacting H.R. 316 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.

H.R. 316 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would impose no costs on state, local, or tribal governments.

Source: http://www.cbo.gov/publication/43873

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Published by: BJHarrelson on Feb 01, 2013
Copyright:Attribution Non-commercial

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